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| SHARE ACCOUNTS: |
This is the basic credit union "savings" account. You are required to fill out a membership card and maintain a $25 balance in a share account for membership in the credit union, allowing you to vote at the Annual Meeting and obtain other credit union benefits and services.
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| CHECKING ACCOUNTS: (aka Share Draft Account) |
This basic "Convenience" checking account is free and has no minimum balance requirements. No more than six automatic or telephone transfers from shares to share draft accounts are permitted each month.
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| HOLIDAY CLUB ACCOUNTS: |
We will help you build savings for your holiday so you will not have to worry later about how to pay for it. Withdrawal fees help you discourage from making withdrawals.
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| SHARE CERTIFICATES (CERTIFICATES OF DEPOSIT): |
Certificate accounts offer a preferred rate in exchange for your commitment to leave funds on deposit for a set period of time. Early withdrawals are subject to a dividend penalty. We offer certificates with maturities of twelve (12) months.
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| INDIVIDUAL RETIREMENT ACCOUNTS (IRA'S): |
IRA's are tax-deferred investments for retirement. The investments are in a share account. Special rates and other terms apply.
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More detailed information about the above accounts is available upon request.
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DIVIDENDS SUBJECT TO CREDIT UNION EARNINGS.
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DIVIDENDS PAID BY THIS CREDIT UNION WILL BE CALCULATED BY THE DAILY BALANCE METHOD WHICH APPLIES A DAILY PERIODIC RATE TO THE FULL AMOUNT OF THE PRINCIPAL IN THE ACCOUNT EACH DAY. THE DAILY BALANCE METHOD IS COMMONLY KNOWN AS THE "DAY IN/DAY OUT" METHOD.
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